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Walmart and EDPR Announce PPAs for 233 MW of Wind Energy

LCG, October 18, 2018--Walmart and EDP Renewables (EDPR) announced Tuesday three power purchase agreements (PPA) for electricity generated from three utility-scale wind farms that will be developed, owned and operated by EDPR. The total electric generating capacity from the three new projects to be installed in Illinois and Indiana is 233 MW.

AEP to Accelerate Closure of Conesville Plant in Ohio

LCG, October 11, 2018--American Electric Power (AEP) announced plans to retire its coal-fired Conesville electric generating facility in Ohio by May 31, 2020, two years ahead of the previously planned schedule.

New Jersey Steps Forward to Add 1,100 MW of Offshore Wind

LCG, September 20, 2018--The New Jersey Board of Public Utilities (NJBPU) on Monday approved an order opening an application window for a record setting 1,100 MW of offshore wind capacity.

The New Jersey Governor has set a goal to install 3,500 MW of offshore wind capacity by 2030. The Governor has requested the NJBPU to pursue an additional 1,200 MW solicitation in 2020 and another 1,200 MW solicitation in 2022, which could lead to the Governor achieving his goal well before 2030.

The NJBPU intends to act on the applications by July 1, 2019, which the State believes should provide sufficient time for developers to qualify for federal investment tax credits (ITC) that expire at the end of next year. Qualifying for the credits could save New Jersey ratepayers approximately 12 percent of the total project cost.

The Governor has also signed an executive order directing the development of an updated Energy Master Plan (EMP) for the State to achieve a goal of 100 percent "clean energy" by 2050. The New Jersey Renewable Energy Standard includes a goal of 50 percent renewable energy by 2030.

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